"America's No. 1 Retirement Stock" (Name Inside)

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Barges are bringing cranes to Baltimore to help remove bridge wreckage and open shipping route

LEA SKENE and BRIAN WITTE
March 28, 2024

BALTIMORE (AP) -- Massive barges carrying cranes streamed toward Baltimore on Thursday to begin the challenging work of removing twisted metal and concrete in an attempt to open a key shipping route blocked by the wreckage of the Francis Scott Key Bridge.

U.S. Coast Guard officials said Wednesday night that the barges were on their way to the spot where the bridge crossed the Patapsco River, but it was not clear when they would arrive.

The devastation at the site of the collapse, which happened when a powerless cargo ship rammed it early Tuesday, is extensive. Divers reached the bodies of two men in a pickup truck near the bridge's middle span on Wednesday, but officials said they would need to start clearing away the twisted wreckage before anyone could reach the bodies of four other missing workers. Divers are to resume searching once the debris is cleared.

"We're now moving from a recovery mode to a salvage operation. Because of the superstructure surrounding what we believe are the vehicles and the amount of concrete and debris, divers are no longer able to safely navigate or operate around that," Col. Roland L. Butler Jr., superintendent of Maryland State Police, said at a news conference Wednesday.

"We have exhausted all search efforts in the areas around this wreckage, and based on sonar scans, we firmly believe that the vehicles are encased in the superstructure and concrete that we tragically saw come down," Butler said.

Butler said his agency would support the unified command during the salvage assessment phase, but he asked for patience, warning that "there's no definitive timeline."

National Transportation Safety Board officials boarded the ship, the Dali, to recover information from its electronics and paperwork and to interview the captain and other crew members. Investigators shared a preliminary timeline of events before the crash, which federal and state officials have said appeared to be an accident.

Of the 21 crew members on the ship, 20 are from India, Randhir Jaiswal, the nation's foreign ministry spokesperson, told reporters Thursday. One was slightly injured and needed stitches, but "all are in good shape and good health," Jaiswal said.

The victims, who were part of a construction crew fixing potholes on the bridge, were from Mexico, Guatemala, Honduras and El Salvador, Butler said. At least eight people initially went into the water when the ship struck the bridge column, and two of them were rescued Tuesday, officials said.

The crash caused the bridge to break and fall into the water within seconds. Authorities had just enough time to stop vehicle traffic, but didn't get a chance to alert the construction crew.

The Dali, which is managed by Synergy Marine Group, was headed from Baltimore to Sri Lanka. It is owned by Grace Ocean Private Ltd., and Danish shipping giant Maersk said it had chartered it.

Synergy expressed its regret and extended sympathies to the families of those lost in a statement early Thursday.

"We deeply regret this incident and the problems it has caused for the people of Baltimore and the region's economy that relies on this vitally important port," Synergy said, noting they would continue to cooperate with investigators.

The sudden loss of a highway that carries 30,000 vehicles a day and the port disruption will affect not only thousands of dockworkers and commuters but also U.S. consumers, who are likely to feel the impact of shipping delays.

The governors of New York and New Jersey have offered to take on cargo shipments that have been disrupted. New York Gov. Kathy Hochul and New Jersey Gov. Phil Murphy said in a statement Thursday that ports in their states can handle additional shipments in an attempt to minimize supply chain disruptions.

Transportation Secretary Pete Buttigieg has said the Biden administration was focused on reopening the port and rebuilding the bridge, but he did not put a timeline on those efforts. Buttigieg planned to meet Thursday with supply chain officials.

From 1960 to 2015, there were 35 major bridge collapses worldwide due to ship or barge collisions, according to the World Association for Waterborne Transport Infrastructure.

___

Witte reported from Dundalk, Maryland. Contributing to this report were Associated Press writers Sarah Brumfield in Washington and Krutika Pathi in New Delhi.

Continue Reading...

Popular

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Elon Musk Humiliated - Ad

Since Jeff Bezos and Elon Musk first met in 2004 -- they've been involved in a bitter feud... from rockets, to electric vehicles to who's the world richest person...for going on two decades these two have been at each others throats... But what happened on December 31st 2021 just took this rivalry to a new level and humiliated Elon Musk.

Google's unleashes AI in search, raising hopes for better results and fears about less web traffic

MOUNTAIN VIEW, Calif. (AP) — Google on Tuesday rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links, a shift promising to quicken the quest for information while also potentially disrupting the flow of money-making internet traffic.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges

TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data.

If You Invested $1,000 In GameStop Stock When 'Dumb Money' Was Released In Movie Theaters, Here's How Much You'd Have Today

"Dumb Money" was released in theaters in 2023 telling the story of Keith Gill and others involved in the GameStop short squeeze. Months later, Gill returns on social media as Roaring Kitty.

What the Election Means for AI Stocks - Ad

If you think AI stocks are hot right now, just wait until after the election. I believe the next president's first move could launch a second wave of AI winners.

As 'Roaring Kitty' Returns, Here Are 3 ETFs To Leverage The 2024 Meme Stock Wave

Meme stocks, led by Keith Gill, have resurfaced on social media, causing GameStop's stock to surge by 74% and AMC's by 80%. ETFs like ARCA:STCE can capitalize on this trend.

Elon Musk Gives One-Word Response To Joe Biden's Dig At Donald Trump At White House Correspondents' Dinner

Elon Musk reacted to President Joe Biden's recent comments at the White House correspondents' dinner with a one-word response that sparked some discussion on social media.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper

SEATTLE (AP) — Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year after four decades leading the newspaper his family has owned since 1896.

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

Taiwan Semi Set to Build $11B Chip Plant in Germany, Aiming for 2027 Production Start

Taiwan Semiconductor Manufacturing Co will build its first European semiconductor facility in Dresden, Germany in 2024. The $11 billion factory will start production in 2027 with support from EU and German government. TSMC stock gained over 75% in the last 12 months.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Czech power company CEZ reports net profit of $592 million in Q1, up by a quarter year-on-year

PRAGUE (AP) — The Czech power company CEZ said Tuesday its net profit in the first quarter of the year reached 13.6 billion Czech crowns ($592 million), 2.7 billion up compared with the same period of the previous year.

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad

Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.

Trump Vs. Biden: New Swing State Poll Reveals Winner, One Key 2024 Election Issue Could Influence Result (Updated)

A new 2024 election poll of swing state voters shows Donald Trump with a commanding lead. One key factor could be determining the race in these markets.

Fed's Powell downplays potential for a rate hike despite higher price pressures

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is its key interest rate in response to signs of and underscored his view that price increases would soon start to cool again.

Mysterious Gold Leverage Just Announced - Ad

Ex-Goldman Sachs VP reveals a secret of the rich and connected that lets you tap into the upside of a huge amount of real, physical gold for just a few dollars at a time. He says the upside could be near 1,000% in the coming future.

Wholesale price increases accelerated in April as inflation remains sticky

WASHINGTON (AP) — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year.

America's "Least Woke" CEO Has a Different Idea for Your Money - Ad

Porter Stansberry might be the "least woke" CEO in America. And today he says, "There's a new form of money in America, making some people (including Elon Musk, Jeff Bezos, and Tim Cook), rich." It has nothing to do with gold or bitcoin, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Berkshire Hathaway's Q1 Operating Earnings Surged 39% — Here's Why

Berkshire Hathaway's Q1 operating earnings surge 39%, driven by strong performance in insurance businesses and investment gains.

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

One unknown AI startup could match or even exceed AI's biggest runs in the coming years. Why? Because its technology solves the biggest problem holding back AI. It's a critical component that the industry can't advance without. This company just went public, so right now, it's under the radar.

Campaign to build new California city submits signatures to get on November ballot

SAN FRANCISCO (AP) — A wealthy Silicon Valley-backed campaign to build a green city for up to 400,000 people in the San Francisco Bay Area has submitted what it says are enough signatures to qualify the initiative for the November election.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Shopify tumbles on weak outlook after a very strong start to 2024

Shopify plunged Wednesday after the Canadian company that helps retailers with online sales warned of easing revenue growth and thinner margins in the current quarter.

Bitcoin ETFs Record $51M Net Outflows On Monday, Continue 3-Week Outflow Trend

The cryptocurrency investment landscape has been marked by a concerning trend in recent weeks, with significant outflows recorded across major Bitcoin (CRYPTO:

The Next Wave of AI Is Here - Ad

The age of artificial intelligence has been unleashed. The first wave of AI lifted the stocks of Nvidia and other companies producing chips to power AI technology. The new wave of AI has everything to do with software - and it's just getting started.

California moves closer to requiring new pollutant-warning labels for gas stoves

SACRAMENTO, Calif. (AP) — California could require all new gas stoves sold in the state to carry a label warning users about pollutants they can release that have been linked to respiratory illnesses.

Millionaire Investor Makes Surprising Election Prediction - Ad

Louis Navellier says he knows who's going to win the election. And how they could send six specific AI stocks through the roof on their first day.

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

Wayve secures $1.05 billion funding, spearheaded by Nvidia and SoftBank, to revolutionize autonomous driving. CEO Alex Kendall's strategy prioritizes adaptable AI, setting the stage for Wayve's expansion and profitability.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service